Rio Tinto is in talks to acquire Glencore, potentially creating a $220 billion mining giant. Recent mining mergers, including AngloAmerican and Teck Resources, indicate a resurgence in the industry, driven by the need for critical minerals like copper. Despite mixed investor reactions, the rising copper price and constrained supply suggest ongoing demand, making acquisitions a strategy for miners to secure resources. However, challenges such as production bottlenecks and lengthy permit processes may hinder new supply and keep prices elevated.
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